Question

D Question 2 2 pts You want to sell your old iPad because you no longer use it, and your cousin wants to give you $200 for it. If you decide to sell your iPad to her, you'll have to pay the shipping fee to get the iPad to her. As a rational decision maker, you will sell your old iPad to your cousin when the shipping fee is: $350 O $250. O $301. O $299. O $199.

LAST 3 only DID NOT MEAN TO POST THE OTHERS

Answer 1

30) True, the external benefit can be defined as the benefit that the third person not directly involved in the transaction gets. the statement is true.

32) False, Gasoline tax is not an example of benefit received principle of taxation, gasoline is used directly and indirectly in many different goods and not all of the people that benefit from that good are paying the taxes.

42) True, demand for an inferior good will increase as the income of the people increase.